Agree Realty Corp. Company Profile (NYSE:ADC)

Analyst Ratings

Consensus Ratings for Agree Realty Corp. (NYSE:ADC) (?)
Ratings Breakdown: 6 Buy Rating(s)
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $45.83 (9.63% downside)

Analysts' Ratings History for Agree Realty Corp. (NYSE:ADC)
Show:
DateFirmActionRatingPrice TargetActions
7/27/2016WunderlichBoost Price TargetBuy$45.00 -> $54.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/14/2016Jefferies GroupBoost Price TargetBuy$47.00 -> $56.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/7/2016Stifel NicolausInitiated CoverageBuy$54.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/7/2016Raymond James Financial Inc.Boost Price TargetOutperform$35.00 -> $37.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
12/17/2015Janney Montgomery ScottInitiated CoverageBuy$38.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/28/2015Compass PointReiterated RatingBuy$34.00 -> $36.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/24/2015Robert W. BairdInitiated CoverageOutperform$37.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/27/2015Cowen and CompanyBoost Price TargetBuy$34.00 -> $38.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/31/2014BMO Capital MarketsLower Price Target$33.00 -> $32.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/30/2014 forward)

Earnings

Earnings History for Agree Realty Corp. (NYSE:ADC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
10/24/2016        
7/25/2016Q216$0.61$0.61$21.27 million$21.84 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/25/2016Q116$0.61$0.61$20.15 million$20.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/3/2016Q4$0.60$0.60$19.15 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/26/2015Q315$0.61$0.60$18.08 million$16.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/27/2015Q215$0.60$0.62$16.90 million$16.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/27/2015Q414$0.57$0.57$15.64 million$15.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/23/2015Q314$0.58$0.58$14.20 million$13.48 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/27/2014Q3$0.56$0.55ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/29/2014Q214$0.55$0.55$12.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2014Q114$0.53$0.49$12.12 million$11.50 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/24/2014Q4 13$0.55$0.56$12.15 million$11.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/28/2013Q313$0.55$0.55$11.24 million$11.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/29/2013Q213$0.51$0.51$10.56 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/29/2013Q113$0.50$0.49$10.05 million$10.25 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/27/2013Q412$0.51$0.52$9.27 million$9.58 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Agree Realty Corp. (NYSE:ADC)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.61$0.61$0.61
Q2 20161$0.61$0.61$0.61
Q3 20161$0.64$0.64$0.64
Q4 20161$0.66$0.66$0.66
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Agree Realty Corp. (NYSE:ADC)
Annual Dividend:$1.92
Dividend Yield:3.79%
Payout Ratio:93.20% (Based on Trailing 12 Months of Earnings)
75.89% (Based on Current Year Consensus EPS Estimate)
68.82% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:4.60% (3 Year Average)

Dividend History for Agree Realty Corp. (NYSE:ADC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
5/3/2016quarterly$0.484.79%6/28/20166/30/20167/15/2016Tweet This Announcement  Share This Announcement on StockTwits
3/2/2016quarterly$0.474.93%3/29/20163/31/20164/15/2016Tweet This Announcement  Share This Announcement on StockTwits
12/2/2015quarterly$0.475.56%12/18/201512/22/20151/5/2016Tweet This Announcement  Share This Announcement on StockTwits
9/16/2015quarterly$0.476.39%9/28/20159/30/201510/13/2015Tweet This Announcement  Share This Announcement on StockTwits
5/5/2015quarterly$0.476.09%6/26/20156/30/20157/14/2015Tweet This Announcement  Share This Announcement on StockTwits
3/6/2015quarterly$0.455.69%3/27/20153/31/20154/14/2015Tweet This Announcement  Share This Announcement on StockTwits
12/2/2014quarterly$0.455.82%12/19/201412/23/20141/6/2015Tweet This Announcement  Share This Announcement on StockTwits
9/9/2014quarterly$0.435.95%9/26/20149/30/201410/14/2014Tweet This Announcement  Share This Announcement on StockTwits
6/3/2014quarterly$0.435.7%6/26/20146/30/20147/8/2014Tweet This Announcement  Share This Announcement on StockTwits
3/4/2014quarterly$0.435.44%3/27/20143/31/20144/8/2014Tweet This Announcement  Share This Announcement on StockTwits
12/3/2013quarterly$0.415.77%12/18/201312/20/20131/3/2014Tweet This Announcement  Share This Announcement on StockTwits
9/11/2013quarterly$0.415.84%9/26/20139/30/201310/8/2013Tweet This Announcement  Share This Announcement on StockTwits
6/4/2013quarterly$0.415.16%6/26/20136/28/20137/9/2013Tweet This Announcement  Share This Announcement on StockTwits
3/5/2013quarterly$0.415.75%3/26/20133/29/20134/9/2013Tweet This Announcement  Share This Announcement on StockTwits
12/4/2012quarterly$0.4012/17/20121/2/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Agree Realty Corp. (NYSE:ADC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
8/24/2015Joey AgreeCEOBuy8,400$28.96$243,264.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/24/2015Richard AgreeChairmanBuy15,000$28.78$431,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/24/2015William S. RubenfaerDirectorBuy4,000$28.86$115,440.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/26/2015Joey AgreeCEOBuy9,809$29.61$290,444.49View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/8/2015Richard AgreeChairmanBuy10,000$29.97$299,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/3/2015William S RubenfaerDirectorBuy2,000$30.15$60,300.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/4/2014Richard AgreeChairmanBuy25,000$29.67$741,750.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/4/2014William S RubenfaerDirectorBuy3,000$29.67$89,010.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/8/2014William RubenfaerDirectorBuy1,150$29.59$34,028.50View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/27/2014Laith HermizEVPSell3,305$30.25$99,976.25View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/20/2013William RubenfaerDirectorBuy2,000$28.16$56,320.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/21/2013John Rakolta, Jr.DirectorBuy20,000$29.80$596,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/27/2013John Rakolta JrDirectorBuy14,677$27.90$409,488.30View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/25/2013John Rakolta JrDirectorBuy10,894$27.89$303,833.66View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/15/2013John Rakolta JrDirectorBuy50,000$27.25$1,362,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Agree Realty Corp. (NYSE:ADC)
DateHeadline
07/29/16 11:18 AMNet-Lease REIT Agree Realty: Why This Small-Cap Gem Will Continue To Shine
07/28/16 03:16 PMAgree Realty Corporation (ADC) Hits New 52-week High During July 25 Session - Equities.com
07/28/16 03:16 PMAgree Realty Corporation (ADC) Hits New 52-week High During July 26 Session - Equities.com
07/28/16 10:56 AMADC Breaks Above 4% Yield Territory
07/27/16 03:23 PMAGREE REALTY CORP Files SEC form 10-Q, Quarterly Report -
07/27/16 02:18 PMAgree Realty Corp. :ADC-US: Earnings Analysis: Q2, 2016 By the Numbers : July 27, 2016 -
07/26/16 08:19 PMAgree Realty Corporation Reports Second Quarter 2016 Results
07/26/16 08:19 PMAgree Realty's (ADC) CEO Joey Agree on Q2 2016 Results - Earnings Call Transcript
07/26/16 03:42 PMEdited Transcript of ADC earnings conference call or presentation 26-Jul-16 3:00pm GMT -
07/26/16 02:18 PMExpected For Agree Realty Corporation (NYSE:ADC) Sales Of $110.015 - Investor Newswire
07/26/16 11:10 AMMore on Agree Realty's Q2 - Seeking Alpha
07/25/16 07:45 PMAgree Realty Corporation Reports Second Quarter 2016 Results - PR Newswire (press release)
07/25/16 03:15 PMAgree Realty reports 2Q results -
07/25/16 06:07 AMQ2 2016 Agree Realty Corp Earnings Release - After Market Close -
07/22/16 10:29 AME-Commerce Growth: Is This Rock-Solid Income REIT Still Flying Under Your Radar?
07/21/16 10:49 AMAgree Realty Corporation (NYSE:ADC): Sell-Side Ratings and Company Earnings Glance - Engelwood Daily
07/20/16 10:26 AMAgree Realty Corporation (NYSE:ADC) Updated Price Targets - FTSE News
07/19/16 07:44 PMEarnings Focus and Crowd Sourced Sentiment Review for Agree Realty Corporation (NYSE:ADC) - TGP
07/19/16 02:18 PMEquity Roundup: Stock Performance Focus on Agree Realty Corporation (NYSE:ADC) - Press Telegraph
07/18/16 02:18 PMAgree Realty Corp. Realized Volatility Hits Substantially Low Level - CML News
07/18/16 07:05 AMAnalyst Target and Average Rating Watch: Agree Realty Corporation (NYSE:ADC) - Press Telegraph
07/16/16 02:19 PMShares Moving Down on the Week: Agree Realty Corp. (NYSE:ADC) - Engelwood Daily
07/16/16 02:19 PMAgree Realty Corporation (ADC) is Trading Lower on Unusual Volume for July 14 - Equities.com
07/15/16 12:54 PMNew Broker Ratings For Agree Realty Corporation (NYSE:ADC) - FTSE News
07/14/16 02:20 PMShares Seeking a Recent High: Agree Realty Corp. (NYSE:ADC) - Press Telegraph
07/14/16 11:08 AMAgree Realty Corporation (NYSE:ADC) Earnings Concentration and Analyst Target Watch - Engelwood Daily
07/13/16 07:50 PMStifel Nicolaus Initiates Coverage on Agree Realty Corporation to Buy - Trade Calls
07/13/16 10:23 AMConsensus Target and Stock Rating Report: Agree Realty Corporation (NYSE:ADC) - Telanagana Press
07/13/16 10:23 AMAgree Realty Corporation (NYSE:ADC) Shorted Shares Increased 15.53% After Market Selling - Consumer Eagle
07/12/16 08:40 AMTrading Performance and Target Watch for Agree Realty Corporation (NYSE:ADC) - Press Telegraph
07/11/16 07:05 AMStock Performance Rundown on: Agree Realty Corp. (NYSE:ADC) - Press Telegraph
07/10/16 07:03 AMNext Weeks Broker Price Targets For Agree Realty Corporation (NYSE:ADC) - Fiscal Standard
07/09/16 10:26 AMAgree Realty Corporation (NYSE:ADC) Shorted Shares Increased 15.53% After Market Selling - Engelwood Daily
07/08/16 02:20 PMFast Growth for Agree Realty Corp. (NYSE:ADC) - Telanagana Press
07/08/16 10:22 AMAgree Realty secures $100M long-term unsecured debt financing
07/08/16 10:22 AMStifel Starts Pure Play Retail REIT Agree Realty At Buy
07/07/16 10:14 AMCan Agree Realty Corporation (NYSE:ADC) Improve on the Earnings Front? - Engelwood Daily
07/07/16 10:14 AMAgree Realty Corporation 10.1% Potential Upside Now Implied by Stifel - DirectorsTalk Interviews
07/07/16 10:14 AMAgree Realty Announces $100 Million Long-Term Unsecured Debt Financings - Yahoo Finance
07/07/16 05:53 AMCoverage initiated on Agree Realty by Stifel -
07/06/16 08:02 PMAgree Realty Announces $100 Million Long-Term Unsecured Debt Financings - PR Newswire (press release)
07/06/16 03:46 PMBRIEF-Agree Realty announces $100 mln long-term unsecured debt financings - * Agree Realty announces $100 million long-term unsecured debt financings
07/06/16 03:11 PMAgree Realty Announces $100 Million Long-Term Unsecured Debt Financings - [at noodls] - eaf6fba9-0d7d-4f34-93a9-4e871a1814a4.pdf 70 E. Long Lake Rd. Bloomfield Hills, MI 48304 www.agreerealty.com FOR IMMEDIATE RELEASE AGREE REALTY ANNOUNCES $100 MILLION LONG-TERM UNSECURED DEBT FINANCINGS ...
07/06/16 03:07 PMAGREE REALTY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obli -
07/06/16 03:03 PM4:03 pm Agree Realty enters into agreements for $100 mln of long-term, unsecured, fixed rate debt -
07/06/16 07:06 AMAgree Realty Corporation (NYSE:ADC): Tracking Consensus Projections and Analyst Ratings - Telanagana Press
07/06/16 07:06 AMFast Growing Stock: Agree Realty Corp. (NYSE:ADC) - Telanagana Press
07/06/16 07:06 AMAgree Realty Corp (NYSE:ADC) Sentiment Change Report - Engelwood Daily
07/06/16 07:06 AMCompany Stock Focus for Agree Realty Corporation (NYSE:ADC): Which Way Will Shares Head? - Press Telegraph
07/06/16 07:06 AMAgree Realty Corporation (NYSE:ADC) Broker Price Targets For The Coming Week - Fiscal Standard

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About Agree Realty Corp.

Agree Realty Corp. logoAgree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership), of which it is the sole general partner and in which Agree Realty holds an approximately 98.3% interest. The Company's portfolio consists of over 280 properties located in over 40 states and totaling approximately 5.2 million square feet of gross leasable area. Its portfolio includes over 275 net lease properties and over three community shopping centers. The Company's primary tenant is Walgreens Boot Alliance, Inc. (Walgreens), which operates a chain of drugstores in the United States. The Company's business objective is to generate consistent shareholder returns by investing in and actively managing a diversified portfolio of retail properties net leased to industry tenants.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property Management
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: ADC
  • CUSIP: 00849210
Key Metrics:
  • Previous Close: $50.72
  • 50 Day Moving Average: $47.78
  • 200 Day Moving Average: $40.99
  • P/E Ratio: 25.01
  • P/E Growth: 0.92
  • Market Cap: $1.13B
  • Beta: 0.6
  • Current Year EPS Consensus Estimate: $2.53 EPS
  • Next Year EPS Consensus Estimate: $2.79 EPS
Additional Links:
Agree Realty Corp. (NYSE:ADC) Chart for Saturday, July, 30, 2016